Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 563 entitled:

begs leave to report as follows:

The purpose of this bill is to clarify forfeiture provisions for retirees who return to work after receiving the special retirement incentive benefit under Act 253, Session Laws

of Hawaii 2000.

The Employees Retirement System testified in support of this bill.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 563 and recommends that it pass Third Reading.